What are the margins (gross, operating) for the quarter, and how do they compare to prior periods?
Answer
The press release you quoted from Business Wire only provides the following financial highlights for Ingram Micro’s fiscal Q2 2025 (ended June 28 2025):
| Metric | Q2 2025 |
|---|---|
| Net sales (≈) | $12.8 billion |
| GAAP net income | $37.8 million (≈ $0.16 per share) |
| Non‑GAAP net income | $142.3 million (≈ $0.61 per share) |
Missing margin data
The release does not disclose:
- Gross margin (gross profit ÷ net sales)
- Operating margin (operating income ÷ net sales)
Because gross profit and operating income figures are not provided, we cannot calculate the gross or operating margins for the quarter from the information given. Consequently, we also cannot compare those margins to prior periods (e.g., Q2 2024, Q1 2025, or the same quarter in 2023).
Where to find the margin information
- Full earnings release – Companies typically publish a more detailed earnings release (often as a PDF) that includes a consolidated statement of income with gross profit, SG&A, and operating income. The margin percentages are usually shown in the “Key Financial Metrics” or “Management Discussion & Analysis” sections.
- Form 10‑Q filing – Ingram Micro’s quarterly report filed with the SEC (Form 10‑Q) will contain the complete income statement, allowing you to compute gross and operating margins and see year‑over‑year or sequential changes.
- Investor presentations/webcast – The company’s earnings call slide deck often includes a “Margin Summary” slide that highlights gross, operating, and net margins and notes any significant changes versus the prior year or prior quarter.
Typical approach to calculate the margins (if the needed figures become available)
| Margin | Formula | Interpretation |
|---|---|---|
| Gross margin | Gross profit ÷ Net sales |
Measures the proportion of sales left after covering cost of goods sold (COGS). A higher gross margin indicates better pricing power or lower COGS relative to sales. |
| Operating margin | Operating income ÷ Net sales |
Captures profitability after deducting both COGS and operating expenses (e.g., SG&A, R&D). It reflects how efficiently the company controls its overall cost structure. |
If you can locate the gross profit and operating income numbers in the full release or SEC filing, you can plug them into the formulas above to obtain the percentages and then compare them to:
- Q2 2024 (same quarter, prior year) – to gauge year‑over‑year trend.
- Q1 2025 – to see sequential (quarter‑to‑quarter) movement.
Bottom line
Based solely on the excerpt you provided, the gross and operating margins for fiscal Q2 2025 are not disclosed, and therefore a direct comparison to prior periods cannot be made here. To obtain those margins, you’ll need to review Ingram Micro’s complete earnings release, the SEC Form 10‑Q for the quarter, or any accompanying investor presentation/earnings‑call materials. Once those figures are in hand, the standard margin calculations and historical comparisons can be performed as outlined above.